Boeing suspending Washington state production due to coronavirus risks
Boeing Co said on Monday it would halt production at its Washington state twin-aisle jetliner factory as a temporary measure to help fight the coronavirus outbreak.
GM accelerates ‘Project V’ to build ventilators in Indiana
General Motors Co and medical equipment maker Ventec are speeding up efforts under a partnership code-named “Project V” to build ventilators at a GM plant in Kokomo, Indiana, to help combat the coronavirus outbreak.
U.S. SEC warns against illegal trading during coronavirus disruption
The U.S. securities regulator on Monday warned corporate executives against insider trading during disruption caused by the coronavirus, in an unusual statement that underscores the chaos coursing through financial markets.
U.S. Fed aims ‘bazooka’ to backstop coronavirus-hit economy
The U.S. Federal Reserve on Monday rolled out an extraordinary array of programs to backstop an economy reeling from sweeping restrictions on commerce that scientists say are needed to slow the coronavirus pandemic and ultimately keep more people safe….
Fed alone can’t stop coronavirus selloff, investors say, as stocks tumble again
The Federal Reserve’s unprecedented stimulus measures did little to brighten Wall Street’s immediate outlook on coronavirus-ravaged stocks, as concerns remained about the lack of a government stimulus package and the ability to contain the pandemic.
U.S. businesses see big hit from coronavirus, Fed survey shows
U.S. businesses expect a “very large and very negative impact” from the coronavirus pandemic and efforts to slow its spread, according to a survey published on Monday by the Atlanta Federal Reserve Bank.
Historic Fed boost fails to stop Wall Street’s virus-driven sell-off
Wall Street’s slide deepened on Monday as the rapidly spreading coronavirus forced more U.S. states into lockdown, overshadowing unprecedented moves by the U.S. Federal Reserve to shore up credit across the economy.
Airbus sees airlines seeking to defer or cancel orders
Airbus said in a stock market filing on Monday that customers could seek to cancel or postpone delivery of airliners and helicopters as the coronavirus crisis continues to escalate.
U.S. banks hand out bonuses to staff as coronavirus crisis intensifies
Some U.S. banks on Monday offered employees one-time bonuses to help ease the financial burden of the coronavirus pandemic and as a reward for working through the crisis.
Auto industry urges U.S. lawmakers to ensure ‘sufficient liquidity’
Major automakers, parts suppliers and auto dealers urged U.S. lawmakers on Monday to provide “robust credit facilities” to ensure “sufficient liquidity” in the auto industry despite the coronavirus outbreak.
